ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS
106
A breakdown of key figures by segments is provided below:
Wallpaper Division Fabrics Division Consolidation Group
2011 2010 2011 2010 2011 2010 2011 2010
€ ’000 € ’000 € ’000 € ’000 € ’000 € ’000 € ’000 € ’000
External sales 180,046 172,572 12,216 12,031 0 0 192,262 184,603
Intra-Group sales 226 81 456 544 –682 –625 0 0
Total sales 180,272 172,653 12,672 12,575 –682 –625 192,262 184,603
EBITDA1 19,067 24,092 450 730 2 0 19,519 24,822
EBITDA-margin 10.6% 14.0% 3.6% 5.8% 10.2% 13.4%
EBIT2 9,280 13,728 305 590 2 0 9,587 14,318
EBIT-margin 5.1% 8.0% 2.4% 4.7% 5.0% 7.8%
Interest income
Results from investments
381 281 2 3 –200 –207 183 77
accounted for at equity –226 –89 0 0 0 0 –226 –89
Interest expenses 2,127 1,878 291 284 –200 –207 2,218 1,955
Earnings before taxes 7,308 12,043 15 309 2 0 7,325 12,352
Return on sales (before taxes) 4.1% 7.0% 0.1% 2.5% 3.8% 6.7%
Income taxes 2,673 3,897 2 60 0 0 2,675 3,957
Capital expenditures3 19,482 6,636 185 190 0 0 19,667 6,826
Depreciation 9,787 10,364 146 140 0 0 9,933 10,504
Cash-flow 14,172 18,601 164 426 2 0 14,338 19,027
Segment assets4 144,963 141,417 7,156 7,009 –177 –261 151,942 148,165
thereof non-current assets (64,396) (61,107) (1,262) (1,233) (0) (0) (65,658) (62,340)
Segment liabilities5 19,712 28,043 1,666 1,272 –177 –260 21,201 29,055
Employees (average) 726 706 70 66 0 0 796 772
A breakdown of Group sales by geographical areas is provided in the notes on sales (see No. 17 above).
1 EBITDA is the common international abbreviation of earnings before interest, taxes, depreciation and amortisation.
2 EBIT is the common international abbreviation of earnings before interest and taxes. It is equivalent to the segment
result.
3 Capital expenditures correspond with the item which is shown in the consolidated cash flow statement.
4 Segment assets are the total assets of the segment less interest-bearing intercompany loans, cash and cash equivalents,
deferred tax assets and income tax receivables.
5 Segment liabilities are the total liabilities less shareholders’ equity, pension provisions, tax liabilities, deferred tax
liabilities and financial liabilities.